Hastings Street Corporation
Nonprofit profile at a glance
- EIN
- 043304617
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2017, Form 990-EZ 2024
- Location
- Turners Falls, MA, USA
- Phone
- 4137745558
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $30,228
- Expenses
- $32,258
- Assets
- $228,462
- Liabilities
- $328,900
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ROSE DESKAVICH (PRESIDENT & CLERK)
People named in this filing
- ROSE DESKAVICH (PRESIDENT & CLERK)
- SUSAN RENFREW (TREASURER)
- DEBBIE GILBERT (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide elderly and handicapped persons with housing facilities and services
What it reported doing in 2024
To provide elderly and handicapped persons with housing facilites and services specially designed to meet their physical, social and psychological needs
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 49
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.2%; rating input score 74
- Program expense ratio: 69.5%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.7%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 7.08; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 1.44; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 74.2% of revenue deployed · 69.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $22K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.